Malion New Materials Co (SZSE:300586) Inventory Turnover : 1.23 (As of Sep. 2024)

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What is Malion New Materials Co Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Malion New Materials Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥384 Mil. Malion New Materials Co's Average Total Inventories for the quarter that ended in Sep. 2024 was ¥311 Mil. Malion New Materials Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.23.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Malion New Materials Co's Days Inventory for the three months ended in Sep. 2024 was 73.93.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Malion New Materials Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.75.

Malion New Materials Co Inventory Turnover Historical Data

The historical data trend for Malion New Materials Co's Inventory Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Malion New Materials Co Inventory Turnover Chart

Malion New Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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6.45

7.25

7.00

6.06

5.23

Malion New Materials Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															1.09	1.27	1.12	1.16	1.23

Malion New Materials Co Inventory Turnover Calculation

Malion New Materials Co's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	1469.027	/ (	(277.368	+	284.141)	/	2 )
=	1469.027	/	280.7545
=	5.23

Malion New Materials Co's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	384.434	/ (	(319.384	+	303.545)	/	2 )
=	384.434	/	311.4645
=	1.23

Malion New Materials Co (SZSE:300586) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Malion New Materials Co's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	311.4645	/	384.434	*	365 / 4
	=	73.93

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Malion New Materials Co's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	311.4645	/	417.392
	=	0.75

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Malion New Materials Co Inventory Turnover Related Terms

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Malion New Materials Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Malion New Materials Co Ltd (SZSE:300586) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 01 Meilian Road, Guangdong Province, Shantou, CHN, 515064

Website

http://www.malion.cn

Malion New Materials Co Ltd is engaged in manufacturing of masterbatch in China. Its products include white masterbatch, black masterbatch, color masterbatch, additive masterbatch and functional materials. They are widely used in food packaging products, medicine packaging products, personal care products, plastic tubing, engineering plastic, plastic household products, electric wire and cable, consumer products, auto plastic parts, agricultural production and others. The products are distributed to both Chinese and other international markets.

Executives

Duan Wen Yong	Directors, Directors, and Executives
Li Xiao Jie	Supervisors
Zhang Chao Yi	Directors, executives
Zhuo Shu Biao	Directors, executives

Malion New Materials Co Headlines

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